2025 bills / H.B. 23
H.B. 23 Insurance Modifications (2025)
- Introduced
- House committee
- House vote
- Senate committee
- Senate vote
- Signed into law
What this bill does
AI summary from the official description
This bill makes several changes to Utah insurance law, including allowing captive insurers to be formed as not-for-profits, lowering capital requirements for association captives, and limiting which small employers stop-loss insurers may cover. It also aligns preexisting condition limits with federal rules and lets the commissioner act against licensees who don't pay final judgments within 60 days.
About this summary
Quotes come from the official recordings' automatic captions, and plain-English summaries are written by AI from the official record. A person reviews them, but always check the recording before quoting anyone; every quote links to its moment in the video.
Check the official text below.
Official description
- defines terms
- clarifies the circumstances under which a public agency insurance mutual or a reserve fund is exempt from the Insurance Code
- amends provisions related to dual licensing
- amends provisions relating to money appropriated from the Captive Insurance Restricted Account
- clarifies that an insurer does not need to file a certification that a non-English policy is in compliance with relevant laws
- aligns state law with federal rules relating to preexisting condition limitations
- limits the scope by which the Insurance Department can issue a waiver for a license
- clarifies that the commissioner may take an action against a licensee if the licensee fails to pay a final judgment within 60 days
- adds additional reporting requirements for a licensee against whom a judgment has been entered
- changes the reporting period for agency title insurance producers
- amends provisions relating to captive insurance companies
- reduces the minimum capital requirement for an association captive insurance company
- allows a captive insurance company to be formed as a not-for-profit organization
- clarifies that officers of a captive insurance company must be separate individuals
- amends provisions relating to insurance investments
- amends requirements relating to a sponsored captive insurance company's business
- amends the grounds under which the commissioner may revoke the certificate of authority of a captive insurance company
- modifies the requirements for a small employer stop-loss insurance contract
- regulates with which small employers a stop-loss insurer or reinsurer may enter stop-loss insurance contracts
- provides a transition period for existing small employer stop-loss insurance contracts
- makes technical and conforming changes
Your legislators on this bill
Enter your address to see what your own representative and senator did on this bill, and get their contact information and a ready-to-send message about it.
Take action
Session over, but your legislators still want to hear from you; ideas that died often come back next year. How to testify →
What members get
- An alert the day H.B. 23 is put on a committee agenda, with time and room, so you can be there to speak
- When H.B. 23 is rewritten, exactly which words changed
- Its hearings in your own calendar
- Your own scorecard: pick the side you favor and see how every legislator voted
Every vote
- 11 yes, 0 no, 5 absentHouse Business, Labor, and Commerce Committee: vote to change the bill · Jan 31, 2025Who voted how
- 10 yes, 1 no, 5 absentHouse Business, Labor, and Commerce Committee: vote to approve it · Jan 31, 2025Who voted how
- 74 yes, 0 no, 1 absentFinal House vote · Feb 10, 2025Who voted how
- 7 yes, 0 no, 1 absentSenate Business and Labor Committee: vote to change the bill · Feb 14, 2025Who voted how
- 7 yes, 0 no, 1 absentSenate Business and Labor Committee: vote to approve it · Feb 14, 2025Who voted how
- 21 yes, 2 no, 6 absentFirst of two Senate votes · Feb 20, 2025Who voted how
- 21 yes, 2 no, 6 absentFinal Senate vote · Feb 27, 2025Who voted how
- 65 yes, 0 no, 10 absentHouse vote to accept the other chamber's changes · Feb 28, 2025Who voted how
Hearings and debates
- Jan 31, 2025 House Business, Labor, and Commerce Committee▶ Watch
- Feb 10, 2025 House floor debate▶ Watch
- Feb 10, 2025 House floor debate▶ Watch
- Feb 14, 2025 Senate Business and Labor Committee▶ Watch
- Feb 20, 2025 Senate floor debate▶ Watch
- Feb 26, 2025 Senate floor debate▶ Watch
- Feb 27, 2025 Senate floor debate▶ Watch
- Feb 28, 2025 House floor debate▶ Watch